Business
Business, 22.12.2020 01:00, taelor32

Tim buys a house from Betty in 2011 for $200,000. Betty receives $185,000 and $15,000 goes to Mary, the real-estate agent. Betty originally purchased the house in 2007 for $240,000. What value is added to GDP in 2011 for this transaction? a) $15,000
b) $40,000
c) $200,000
d) $65,000

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Answers: 2

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Tim buys a house from Betty in 2011 for $200,000. Betty receives $185,000 and $15,000 goes to Mary,...

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